TRANSPORT +: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
TRANSPORT +
Largest movements
- Receivables within one year -€127,468
down €127,468 (-56.4%), from €225,929 to €98,461
of which Trade receivables: -€132,148
- Tangible fixed assets -€6,195
down €6,195 (-64.7%), from €9,571 to €3,377
of which Leasing and similar rights: -€5,560
- Other debts -€139,151
down €139,151 (-73.9%), from €188,416 to €49,265
- Trade debts +€80,292
up €80,292 (+313%), from €25,650 to €105,942
- Profit (loss) carried forward -€54,793
down €54,793, from €8,882 to -€45,911
- Tax, wage and social debts -€11,385
down €11,385 (-54.8%), from €20,764 to €9,379
of which Taxes: -€20,764
- Current portion of long-term debt -€3,136
down €3,136 (-57.9%), from €5,418 to €2,282
- Gross operating margin -€86,307
down €86,307 (-49.1%), from €175,658 to €89,351
- Staff costs -€23,875
down €23,875 (-14.6%), from €163,516 to €139,641
- Taxes -€1,774
no longer reported in 2025 (was €1,774)
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €275,524 | €141,382 | -€134,142 | -48.7% |
| Fixed assets | 21/28 | €46,650 | €40,455 | -€6,195 | -13.3% |
| Tangible fixed assets | 22/27 | €9,571 | €3,377 | -€6,195 | -64.7% |
| Furniture and vehicles | 24 | €1,269 | €635 | -€635 | -50.0% |
| Leasing and similar rights | 25 | €8,302 | €2,742 | -€5,560 | -67.0% |
| Financial fixed assets | 28 | €37,078 | €37,078 | = | 0.0% |
| Current assets | 29/58 | €228,874 | €100,928 | -€127,947 | -55.9% |
| Amounts receivable within one year | 40/41 | €225,929 | €98,461 | -€127,468 | -56.4% |
| Trade receivables | 40 | €225,929 | €93,781 | -€132,148 | -58.5% |
| Other amounts receivable | 41 | - | €4,680 | +€4,680 | |
| Cash at bank and in hand | 54/58 | €1,283 | €805 | -€479 | -37.3% |
| Deferred charges and accrued income | 490/1 | €1,662 | €1,662 | = | 0.0% |
| Total equity and liabilities | 10/49 | €275,524 | €141,382 | -€134,142 | -48.7% |
| Equity | 10/15 | €31,617 | -€25,941 | -€57,558 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,135 | €1,371 | -€2,765 | -66.9% |
| Tax-exempt reserves | 132 | €4,135 | €1,371 | -€2,765 | -66.9% |
| Profit (loss) carried forward | 14 | €8,882 | -€45,911 | -€54,793 | |
| Provisions and deferred taxes | 16 | €1,378 | €457 | -€922 | -66.9% |
| Deferred taxes | 168 | €1,378 | €457 | -€922 | -66.9% |
| Amounts payable | 17/49 | €242,529 | €166,866 | -€75,663 | -31.2% |
| Amounts payable after more than one year | 17 | €2,282 | - | -€2,282 | |
| Financial debts | 170/4 | €2,282 | - | -€2,282 | |
| Amounts payable within one year | 42/48 | €240,247 | €166,866 | -€73,381 | -30.5% |
| Current portion of amounts payable after more than one year | 42 | €5,418 | €2,282 | -€3,136 | -57.9% |
| Trade debts | 44 | €25,650 | €105,942 | +€80,292 | +313% |
| Suppliers | 440/4 | €25,650 | €105,942 | +€80,292 | +313% |
| Taxes, remuneration and social security | 45 | €20,764 | €9,379 | -€11,385 | -54.8% |
| Taxes | 450/3 | €20,764 | - | -€20,764 | |
| Remuneration and social security | 454/9 | - | €9,379 | +€9,379 | |
| Other amounts payable | 47/48 | €188,416 | €49,265 | -€139,151 | -73.9% |
| Remuneration, social security and pensions | 62 | €163,516 | €139,641 | -€23,875 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,195 | €6,195 | = | 0.0% |
| Other operating charges | 640/8 | €2,067 | €744 | -€1,323 | -64.0% |
| Gross operating margin | 9900 | €175,658 | €89,351 | -€86,307 | -49.1% |
| Operating profit (loss) | 9901 | €3,880 | -€57,229 | -€61,109 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +900% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +900% |
| Financial charges | 65/66B | €1,055 | €1,251 | +€195 | +18.5% |
| Recurring financial charges | 65 | €1,055 | €1,251 | +€195 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €2,825 | -€58,479 | -€61,304 | |
| Transfer from deferred taxes | 780 | €922 | €922 | = | 0.0% |
| Income taxes | 67/77 | €1,774 | - | -€1,774 | |
| Profit (loss) for the period | 9904 | €1,972 | -€57,558 | -€59,530 | |
| Transfer from tax-exempt reserves | 789 | €2,765 | €2,765 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,737 | -€54,793 | -€59,530 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.